Child Education Plans

Get your children the best education

Higher education for a child has always been every parents dream. The steep increase in the cost of education and alarming rate of inflation can overwhelm even the most financially secure families. That’s why good financial planning can help to make your dreams come true.

To ensure that your children or grandchildren receive the best education standards in this competitive world we bring you two different approaches to meet your financial goals.

WAP is single premium approach towards investment where you can customer your portfolio matching your risk appetite and market conditions. The portfolio allows you to diversify across different fund houses and allows switching between funds based on your market outlook.

Key features:-

High flexibility allowing you to add additional premium increment with surplus cash flow

Option to withdraw and partial surrender to finance short term capital requirements

Offer wife range of investment funds to match your risk profile

Allows you to choose from a wide range of currencies

Invest Plus helps you prepare you to save on a regular basis, ensuring that your children or grandchildren receive the best education standards. This flexible insurance plan lets you decide how much and in which currency you wish to invest, gives access to your capital by allowing regular withdrawals or partial surrenders, and helps to secure your future through adding optional benefits such as additional life insurance cover, accidental death benefits and waiver of premium benefits.

This platform follows a Dollar Cost Averaging approach which helps minimize the impact of market volatility and the wide range of mutual funds helps you build a portfolio allocation that matches your risk profile.

Key features:-

Allows you to select a term from 5 years to 15 years to match your child’s age e.g. Parents with child aged 7 years can choose a term of 11 years to have an education corpus ready for higher education when the child turns 18.

Flexible mode of payment (Monthly, Quarterly, Half Yearly, Yearly)

Welcome and Loyalty bonus reward scheme for long-term savings

Invest Plus and Wealth Accumulation Plan are underwritten by Zurich International Life and Citibank is a distributor.

Citibank N.A. will not be responsible for the rejection of any application/claim under this policy. Citibank N.A. does not underwrite or issue insurance policies. Citibank N.A. provides customer support by way of receiving payments from the customers and forwarding them to Zurich International Life, in addition to making such insurance products available to its customers. Premiums contributed by the Customer under this policy are not bank deposits or any other obligation of, or guaranteed by Citibank N.A., Citigroup or any of their affiliates and are subject to risks and possible loss of the principal amount invested.

Insurance products are optional, underwritten by insurers, subject to exclusions, terms and conditions, medical underwriting requirements as listed in the policy document. Citibank N.A. does not underwrite or issue insurance policies and is not responsible for rejection of any application/claim. Citibank N.A. makes available insurance products and provides customer support by receiving payments and forwarding them to the Insurer. If policies are cancelled within 30 days of enrollment, customers are entitled to receive refund of premium paid or applicable account value. For policy cancellations after 30 days period, customer will be entitled to receive applicable surrender value after deduction of surrender charges. Citibank Terms and Conditions apply, are subject to change and can be found at www.citibank.ae. Insurance products are not available to US persons. If a customer changes residence, citizenship, nationality or place of work, it is the customer's responsibility to understand how their insurance is affected by such change and comply with all applicable laws and regulations. Citibank does not provide legal and/or tax advice and is not responsible for advising on the laws pertaining to any insurance transaction.